Real Estate News

Visit my blog post on the subject:  iBuyers - the good, bad, and ugly of their disruption of residential real estate markets

Bottom line in brief:   iBuyers (now a multi-billion $ industry from Chinese investors to US  venture capitalists) will offer you cash often based on similar or  lower/older comparable sales, then charge a 6-10% fee, require you to  also pay the total realtor sales commissions (anywhere from 4-8% in  general), deduct costs for repairs/updates "they" (not you) demand to be  performed by their contractors; won't disclose anything about the house  whether they know it or not; and require you to sign a document at  closing that makes the property an "as-is" sale without any recourse or  warranties of workmanship on any work performed in the home. And the iBuyers advertise you can close in X # of days or "pick your own closing date", which is basically what Buyers and Sellers do now...most regular real estate transactions close within 30 days.